Want 10X Returns? 2 Monster Growth Stocks in the Making
Peter Lynch managed Fidelity's Magellan Fund for 13 years. Under his stewardship, the fund generated an annualized return of 29%, earning Lynch a reputation as one of Wall Street's top stock pickers. While his wisdom cannot be condensed into a single sentence, this quote is worth remembering: "You only need a few really big stocks in a lifetime to make a lot of money."
When you buy a stock, you can't lose more than 100% of your investment, but if you've built a portfolio of high-quality stocks, chances are some of those investments will increase severalfold in value. For instance, I think Latch (NASDAQ: LTCH) and Docebo (NASDAQ: DCBO) could both produce 10x returns in the next decade. Here's why.
Image source: Getty Images.
Source Fool.com
